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News Corporation Announces $1 Billion Stock Buy-Back Program

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News Corporation Announces $1 Billion Stock Buy-Back Program

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The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).

News Corporation announced a buy-back program intending to repurchase up to an aggregate of US$1 billion of its Nasdaq-listed Class A and B common stock. This move, subject to market conditions and stock prices, aims to optimize the company’s capital structure and potentially enhance shareholder value, reflecting strategic financial management.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a global media and information services company focused on creating and distributing authoritative and engaging content across various platforms. It operates in industries such as news and information services, book publishing, and digital real estate services, with a significant presence in the United States and other international markets.

YTD Price Performance: 9.84%

Average Trading Volume: 142,638

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$27.93B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.

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